Federal Realty Investment Trust $FRT Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 15.9% in the first quarter, Holdings Channel reports. The firm owned 119,008 shares of the real estate investment trust’s stock after buying an additional 16,343 shares during the period. Janney Montgomery Scott LLC’s holdings in Federal Realty Investment Trust were worth $12,640,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Park Square Financial Group LLC purchased a new position in Federal Realty Investment Trust in the 4th quarter valued at about $25,000. Turning Point Benefit Group Inc. increased its stake in Federal Realty Investment Trust by 1,853.8% during the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 241 shares in the last quarter. True Wealth Design LLC increased its stake in Federal Realty Investment Trust by 88.7% during the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 126 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Federal Realty Investment Trust by 937.5% during the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 300 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Federal Realty Investment Trust during the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FRT. UBS Group set a $130.00 price target on Federal Realty Investment Trust in a research note on Monday, June 1st. Scotiabank increased their price objective on Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Jefferies Financial Group upgraded Federal Realty Investment Trust to a “strong-buy” rating in a report on Friday, June 26th. Citigroup lifted their target price on shares of Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, Truist Financial upped their target price on shares of Federal Realty Investment Trust from $112.00 to $118.00 and gave the stock a “hold” rating in a report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.20.

Federal Realty Investment Trust Trading Down 2.4%

Shares of Federal Realty Investment Trust stock opened at $120.47 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. The stock’s 50 day simple moving average is $118.61 and its 200-day simple moving average is $109.56. The stock has a market cap of $10.41 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.94 and a beta of 0.93. Federal Realty Investment Trust has a 1-year low of $89.99 and a 1-year high of $126.41.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a yield of 3.8%. Federal Realty Investment Trust’s payout ratio is 78.47%.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.